Korea Small Cap Gem: Sindoh Co [Net Cash More than 220% of Market Cap]
Sindoh has one of the highest net cash/market cap ratios in the entire Korean stock market. Net cash at end of 1Q 2023 was 226% of its market cap.
Sindoh's operations turned around in 1Q 2023. It had sales of 105.5 billion won (up 26.6% YoY) and operating profit of 9.8 billion won (turned black) in 1Q 2023.
Conclusion First
In this insight, we provide thr…
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